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October 31, 2014 Santiago, Chile The new NBA season started this week. And with it the new salary cap for 2014-15 entered into force. It increased by 7.5% and is now at a record high of $63 million. Yet another “all time high” in a world where everything seems to
October 30, 2014 Santiago, Chile Do you remember all the great economic forecasts that ever came out of the Fed? I don’t either. My favorite one was when 9 months before the Great Recession kicked off, the Fed Chairman, Ben Bernanke, remarked: “The Federal Reserve is currently not forecasting a
October 29, 2014 Region VII, Chile Among the masterpieces of the Italian Renaissance, Leonardo da Vinci’s “La Scapigliata” stands out distinctly from the rest. The unfinished painting is of a common woman with disheveled hair. It’s remarkable particularly for depicting not the exceptional, but the real. Part of da Vinci’s
October 28, 2014 Region VII, Chile The killer lurked outside in the rainstorm, his axe still dripping with the blood of his last victim. Inside, the sorority girls gossiped about their missing sisters who had mysteriously disappeared the week before. –Stop me when this sounds familiar… it’s the standard plot
October 28, 2014 Region VII, Chile In the early days of human civilization during the time of hunter-gatherers, every day was a struggle. Satisfying an empty stomach was the primary function of life. Thus, every waking moment was devoted to finding food. Everyone was simply living from one kill and
October 28, 2014 Region VII, Chile The Treasurer of Australia (equivalent to the Secretary of the Treasury in the US, or Finance Minister in most European countries) has made a stunning admission. Joe Hockey stated that the policy of ultra-low interest rates hasn’t spurred economic growth; instead it has mainly
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